December 7, 2020/US SEC The Securities and Exchange Commission today announced whistleblower awards to five individuals for information provided in three different enforcement actions for combined payments of nearly $3 million. In the first order, the SEC awarded the whistleblower nearly $1.8 million. The whistleblower, a company insider, provided information that would […]
Frauds & Scandals
SEC Obtains Final Judgment Against Company for Misleading Covid-19-Related Claims
December 7, 2020/US SEC On December 4, 2020, the U. S. District Court for the Southern District of New York entered a final judgment against Applied BioSciences Corp. in connection with the company’s fraudulent claims in a press release that it was offering and shipping products to combat the COVID-19 […]
SEC Charges The Cheesecake Factory For Misleading COVID-19 Disclosures
December 4, 2020/US SEC The Securities and Exchange Commission today announced settled charges against The Cheesecake Factory Incorporated for making misleading disclosures about the impact of the COVID-19 pandemic on its business operations and financial condition. The action is the SEC’s first charging a public company for misleading investors about […]
